Adyen (ADYEY) AI Stock Analysis

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Adyen

(OTC:ADYEY)

Select Model

Neutral 69 (OpenAI - 4o)

Rating:69Neutral

Price Target:

$17.00

▲(1.86% Upside)

Adyen's strong financial performance and positive earnings call outlook are offset by bearish technical indicators and high valuation concerns. The company's robust revenue growth and profitability metrics support its potential, but macroeconomic challenges and high P/E ratio present risks.

Positive Factors

Revenue Growth

Adyen's strong revenue growth reflects its expanding market presence and successful product offerings, supporting long-term business sustainability.

EBITDA Margin Expansion

High EBITDA margins indicate efficient operations and cost management, enhancing profitability and financial resilience over time.

Product Innovation

Successful product innovation drives customer adoption and competitive advantage, ensuring sustained growth and market leadership.

Negative Factors

Currency Fluctuation Impact

Currency fluctuations can affect revenue and profit margins, posing a risk to financial performance and international competitiveness.

Customer Base Growth Challenges

Slower customer base growth may limit future revenue expansion and market penetration, challenging long-term growth objectives.

Tariff Impact on APAC

Tariff impacts on APAC merchants can hinder revenue growth and market expansion, affecting overall financial performance.

Adyen (ADYEY) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$53.37B

Dividend YieldN/A

Average Volume (3M)124.39K

Price to Earnings (P/E)48.3

Beta (1Y)1.25

Revenue Growth19.41%

EPS Growth20.23%

CountryUS

Employees4,345

SectorTechnology

Sector Strength88

IndustrySoftware - Infrastructure

Share Statistics

EPS (TTM)0.18

Shares Outstanding3,153,669,200

10 Day Avg. Volume204,734

30 Day Avg. Volume124,391

Financial Highlights & Ratios

PEG Ratio1.47

Price to Book (P/B)10.39

Price to Sales (P/S)19.75

P/FCF Ratio27.41

Enterprise Value/Market Cap0.69

Enterprise Value/Revenue15.37

Enterprise Value/Gross Profit17.29

Enterprise Value/Ebitda25.13

Forecast

1Y Price Target

$20.30

Price Target Upside21.63% Upside

Rating ConsensusModerate Buy

Number of Analyst Covering1

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

Adyen Business Overview & Revenue Model

Company DescriptionAdyen N.V. operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, Latin America. The company's platform integrates payments stack that include gateway, risk management, processing, issuing, acquiring, and settlement services. It offers a back-end infrastructure for authorizing payments across merchants' sales channels, as well as online, mobile, in-store, and APIs; and data insights. The company's platform services a range of merchants across various verticals, connecting them directly to Visa, Mastercard, and other payment methods. Adyen N.V. was incorporated in 2006 and is headquartered in Amsterdam, the Netherlands.

How the Company Makes MoneyAdyen primarily generates revenue through transaction fees charged to merchants for processing payments. These fees are typically a percentage of the transaction amount, along with a fixed fee per transaction. Additionally, Adyen earns revenue from value-added services such as fraud prevention and risk management solutions, as well as from currency conversion fees for international transactions. The company has established significant partnerships with major financial institutions and payment networks, which enhance its capabilities and market reach. Its scalable platform allows Adyen to serve a wide array of clients, from small businesses to large enterprises, thus diversifying its revenue streams.

Adyen Key Performance Indicators (KPIs)

Any

Net Revenue

Net Revenue
Indicates the total income generated from all services after deducting returns and allowances, highlighting the company's ability to generate sales and its overall financial health.

Chart InsightsAdyen's net revenue growth has been robust, particularly in the Unified Commerce and Platforms segments, despite a notable decline in Settlement Fees since 2022. The recent earnings call highlights a 21% growth in net revenue, driven by strong performance in EMEA and strategic innovations like Intelligent Payment Routing. However, currency fluctuations and tariffs have impacted APAC merchants, tempering overall growth. Adyen's focus on expanding its share of wallet and new customer acquisitions is expected to sustain momentum, although macroeconomic challenges persist.

Data provided by:

The Fly

Adyen Earnings Call Summary

Earnings Call Date:Aug 14, 2025

(Q2-2025)

% Change Since: |

Next Earnings Date:Feb 11, 2026

Earnings Call Sentiment Positive

The earnings call reflects a positive outlook with strong revenue and EBITDA growth, driven by Unified Commerce and Platforms segments. However, challenges such as currency impacts and tariff issues in APAC affect certain growth projections.

Q2-2025 Updates

Positive Updates

Strong Net Revenue Growth

Net revenues grew to EUR 1.1 billion, showing a 21% growth on a constant currency basis.

EBITDA Growth and Margin Expansion

EBITDA grew 28% with margins reaching 50%, demonstrating operating leverage.

Unified Commerce Expansion

Unified Commerce grew net revenues by 31%, driven by retail, food & beverage, hospitality, and entertainment verticals.

Platforms Segment Growth

Platforms experienced a 55% growth, with 32 platforms processing over EUR 1 billion annually.

Successful Product Innovation

Products like Intelligent Payment Routing and Adyen Uplift have seen high adoption and success.

Negative Updates

Impact of Currency Fluctuations

Strong euro and weak dollar impacted results, particularly affecting APAC merchants trading into the U.S.

Growth Challenges in Customer Base

The growth of the customer base was lower than expected, particularly affecting the market volume growth.

APAC to U.S. Tariff Impact

A subset of APAC merchants selling into the U.S. affected growth, leading to a 2% reduction in expected revenue growth.

Company Guidance

In the H1 2025 earnings call, Adyen provided insights into its financial performance and strategic priorities. The company reported net revenue growth of around EUR 1.1 billion, reflecting a 21% increase on a constant currency basis, with EMEA noted as the fastest-growing region at 21%. Despite macroeconomic challenges, such as the strong euro impacting merchants in APAC trading into the U.S., Adyen maintained an EBITDA growth of 28%, achieving a 50% EBITDA margin. The call highlighted Adyen's focus on increasing the share of wallet with existing customers, winning new customer logos, and investing in innovation. Significant product developments, like Intelligent Payment Routing and Adyen Uplift, have been well-received, with Uplift's Protect module being adopted by two-thirds of new customers in the first half. Looking ahead, Adyen expects similar growth in the second half, driven by expanding share of wallet and new customer wins, despite some ongoing impacts from tariffs and macroeconomic conditions.

Adyen Financial Statement Overview

Summary

Adyen demonstrates strong financial health with impressive revenue growth and profitability metrics. The balance sheet is robust with low leverage, and cash flow generation is excellent. Minor areas for improvement include EBIT management and missing ROE data.

Income Statement

Adyen has demonstrated strong revenue growth with a 15.1% increase in the latest year, supported by robust gross and net profit margins of 89.3% and 41.6% respectively. The EBIT and EBITDA margins are also healthy at 56.3% and 61.0%, indicating efficient operations. However, the slight decline in EBIT from the previous year suggests a need for careful cost management.

Balance Sheet

The company's balance sheet is solid with a low debt-to-equity ratio, indicating minimal leverage risk. However, the return on equity is currently not available, which limits the assessment of shareholder value creation. The equity ratio is strong, reflecting a stable financial position.

Cash Flow

Adyen's cash flow is strong, with a significant 75.9% growth in free cash flow, indicating excellent cash generation capabilities. The free cash flow to net income ratio is high at 94.1%, showing effective conversion of earnings into cash. However, the operating cash flow coverage ratio is not available, which could provide further insights into cash flow stability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.40B	2.23B	1.63B	1.33B	1.00B	684.20M
Gross Profit	2.14B	1.99B	1.01B	948.92M	759.80M	503.63M
EBITDA	1.47B	1.36B	1.03B	693.08M	610.05M	384.96M
Net Income	996.51M	925.16M	698.32M	564.14M	469.72M	261.02M
Balance Sheet
Total Assets	13.94B	11.43B	9.57B	7.62B	5.78B	4.16B
Cash, Cash Equivalents and Short-Term Investments	12.45B	9.88B	8.31B	6.52B	4.62B	2.75B
Total Debt	247.54M	228.26M	223.06M	203.07M	142.96M	131.49M
Total Liabilities	9.26B	7.19B	6.42B	5.20B	3.97B	2.94B
Stockholders Equity	4.68B	4.23B	3.15B	2.41B	1.81B	1.22B
Cash Flow
Free Cash Flow	3.75B	1.60B	1.80B	1.93B	1.77B	999.55M
Operating Cash Flow	3.86B	1.70B	1.87B	2.02B	1.82B	1.02B
Investing Cash Flow	-104.28M	-118.62M	-69.74M	-87.69M	-42.13M	-22.16M
Financing Cash Flow	70.50M	70.60M	-20.61M	-12.22M	96.24M	3.39M

Adyen Technical Analysis

Technical Analysis Sentiment

Positive

Last Price16.69

Price Trends

50DMA

16.04

Positive

100DMA

16.36

Positive

200DMA

16.91

Negative

Market Momentum

MACD

0.26

Negative

RSI

57.73

Neutral

STOCH

64.86

Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ADYEY, the sentiment is Positive. The current price of 16.69 is above the 20-day moving average (MA) of 16.31, above the 50-day MA of 16.04, and below the 200-day MA of 16.91, indicating a neutral trend. The MACD of 0.26 indicates Negative momentum. The RSI at 57.73 is Neutral, neither overbought nor oversold. The STOCH value of 64.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ADYEY.

Adyen Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TOST	73 Outperform	$20.85B	83.03	15.96%	―	25.76%	―
XYZ	72 Outperform	$42.26B	14.14	14.78%	―	0.47%	178.05%
AFRM	71 Outperform	$27.00B	111.42	7.60%	―	37.00%	―
ADYEY	69 Neutral	$53.37B	48.25	23.25%	―	19.41%	20.23%
PAYO	69 Neutral	$1.94B	28.62	9.79%	―	10.58%	-45.52%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
NET	61 Neutral	$64.02B	-626.73	-8.88%	―	28.06%	-7.44%

* Technology Sector Average

Performance Comparison

ADYEY

Adyen

16.69

1.95

13.21%

XYZ

Block

70.26

-12.16

-14.75%

NET

Cloudflare

186.39

74.39

66.42%

PAYO

Payoneer

5.43

-4.48

-45.21%

AFRM

Affirm Holdings

76.39

21.04

38.01%

TOST

Toast Inc

36.20

-0.04

-0.11%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 08, 2025